House Price Increases Are Good for Equity Release Seekers

Jon King, managing director at More2Life, recently spoke on house price increases in Great Britain and the narrowing equity release gap.

He is determined that growing prices are an advantage for those interested in release of equity rather than a problem.

Mr. King explained that 10 or 20 years ago location of the property was the primary factor deciding whether its owner was eligible for release of equity.

At that time, people in the North could barely apply for equity releasing because the price of their properties was insufficient.

However, the doubling of house prices in the North in the past 10 years balanced the chances of property owners in the North and in the South.

This is the primary reason why money release advisers are now accessing business in all parts of Great Britain, whereas they were only based in the Southern part earlier.